Well I suppose it has been at least 6 weeks since the commission issue was raised - clearly we should be expected to handball the banks our clients and do the majority of the work for the lenders as well - all for love of course.

This report highlights the need for a professional Lobby Group to be employed by the MFAA to take up the issue of " Trailers and Commissions". The MFAA have done this and all credit to the CEO and her team for doing this. Hopefully ASIC understand the value add of brokers in Australia. Especially as over 50% of deals to the lenders are sourced by Banks.

Biggest threat to brokers is lender inefficiency and internal service level agreements they have with their service providers... not only wastes brokers time in follow up, follow up, follow up but makes the broker look efficient.